Common use of LOCCS Payment System Clause in Contracts

LOCCS Payment System. Notwithstanding any contrary provisions of 24 CFR § 85.21, the Grantee will request all drawdowns of HOPE VI Grant funds under the Line of Credit Control System (e-LOCCS), unless and until another payment system is designated by HUD. The Grantee will comply with all rules, guidelines, and notices established for HOPE VI under LOCCS, or any substitute system, in connection with any drawdown of HOPE VI Grant funds. If HUD designates a different payment system, it will be based upon the provisions of section 85.21 (subject to the provisions of Article XIX(D)).

Appears in 7 contracts

Samples: Revitalization Grant Agreement, Grant Agreement, Vi Revitalization Grant Agreement

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LOCCS Payment System. Notwithstanding any contrary provisions of 24 CFR § 85.21, the Grantee will request all drawdowns of HOPE VI Grant funds under the Line of Credit Control System (e-LOCCS), unless and until another payment system is designated by HUD. The Grantee will comply with all rules, guidelines, and notices established for HOPE VI under LOCCS, or any substitute system, in connection with any drawdown of HOPE VI Grant funds. If HUD designates a different payment system, it will be based upon the provisions of section 85.21 (subject to the provisions of Article XIX(D)).

Appears in 3 contracts

Samples: Hope Vi Revitalization Grant Agreement, Grant Agreement, Grant Agreement

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